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ECON: Tic Data Shows Foreign Investment In Treasuries Increased in October
Posted to: Micro News
Monday, December 17, 2012 9:21 AM
- Outflow in Oct, $56.7 bln vs $4.3 bln Inflow in Sep
- $1.3 bln Inflow in Longer Maturities, Excluding Swaps
- Net purchases of Bonds/Notes $15.8 bln
- China/Japan Holdings moderately increased
- This data series isn't a major market mover for bond markets, speaking more to long term trends in buying/selling of US Treasuries among foreign investors
-The sum total in October of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $56.7 billion. Of this, net foreign private outflows were $56.4 billion, and net foreign official outflows were [forwardfullbody].3 billion.
Foreign residents increased their holdings of long-term U.S. securities in October – net purchases were $28.4 billion. Net purchases by private foreign investors were $22.3 billion, and net purchases by foreign official institutions were $6.2 billion.
At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of $27.1 billion.
Taking into account transactions in both foreign and U.S. securities, the net foreign purchases of long-term securities were $1.3 billion. After including adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, the overall net foreign acquisition of long-term securities is estimated to have been negative $20.6 billion in October.
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